TradingView
MBM_Crypto
Apr 13, 2023 1:39 PM

BTC Forming a bullish pattern! Long

Bitcoin / TetherUSBinance

Description

Here's a quick look at the 1 hr. BTC chart. The analysis shows that the price is currently exhibiting a bullish flag formation. A decisive break to the upside could potentially trigger a move toward the 32k mark. Furthermore, if the resistance level is breached, it is highly probable that prices will reach the 31k and 32k levels. Conversely, should the support zone give way, it is likely that the price will experience a downward momentum and fill the Fair Value Gap.
-------------------------------------------
About our trades:
Our success rate is notably high, with nine out of ten of our posted trade setups achieving at least their first target upon a breakout price breach. Our TradingView page serves as a testament to this claim, and we invite you to verify our results firsthand.

-------------------------------------------
If you like the content, then make sure to comment and like the post :D

Follow me for daily profitable trading setups.

BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Comments
Vestige
Isnt that more like shaping towards descending triangle especially if 30500 is not breached?
MBM_Crypto
@Vestige yes, a descending triangle, but it can be seen as a flag pattern as well in this kind of uptrend 😊
Vestige
Ah yes i see it now and that 30950 was touched
LegionQ8
Really like your chart, I have the same opinion
MBM_Crypto
@LegionQ8 thx ☺️
JoeChampion
Lovely!
MBM_Crypto
@JoeChampion, thx :)
More